Hammontree Builders is committed to providing our customers with the latest practices and products that promote healthy living, energy efficiency and durable homes. This blog will reflect experiences and projects that encompass this greening of building and remodeling. This is all happening in Beautiful Northern Michigan.
Contact me at hammontreebuilders@gmail.com or
231-633-1370

Saturday, February 21, 2009

I've been writing a bit about the Federal Energy Tax Credits and the incentives available to homeowners to improve the energy efficiency of their homes. This can be a real boost to our economy and to the Greening of America! You can find more information for specific elements (windows,insulation,HVAC etc.)here.

This is from the energystar.gov site:

How has the new Stimulus bill affected the tax credits for energy efficient home improvements?

On February 17, 2009, President Obama signed a stimulus bill (The American Recovery and Reinvestment Act of 2009) that made some significant changes to the energy efficiency tax credits. the highlights are:

The tax credits that were previously effective for 2009, have been extended to 2010 as well.

The tax credits has been raised from 10% to 30%.

The tax credits that were for a specific dollar amount (ie: $300 for a CAC), have been converted to 30% of the cost.

The maximum credit has been raised from $500 to $1500 for the two years (2009-2010). However, some improvements such as geothermal heat pumps, solar water heaters, and solar panels are not subject to the $1500 maximum.